|
Quote:
Originally Posted by mtxbass1
Honestly, both parties are to blame here. The unions were absolutely stupid to think they had a leg to stand on when Hostess was shutting down striking plants. The corporate raiders are also equally to blame as they've had misstep after misstep in managing the company itself.
Ultimately the management does win here, because they just released themselves from a 2 billion dollar pension liability.
|
|
Bull-
ing-shit they are both to blame. The plan to liquidate the company was already in the works and the executives already wrote themselves a golden parachute. All they needed was an excuse. Disaster capitalism at it's finest.